How will Pine Labs' stablecoin card work?

The card will be funded with stablecoins from consumers' digital wallets and will enable payments in local currencies through real-time conversion at the point of sale.

Will Pine Labs' stablecoin card be available in India?

No, Pine Labs does not plan to launch the stablecoin-backed prepaid card in India or China.

Home / Business and Economy / Fintech Giant Launches Stablecoin Card in 9 Nations

Fintech Giant Launches Stablecoin Card in 9 Nations

Q: Which countries will Pine Labs launch its stablecoin card in?

Pine Labs will launch its stablecoin-backed prepaid card in nine countries across the Middle East, Africa, and Southeast Asia.

2 Mar

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Summary

Pine Labs will debut a stablecoin-backed prepaid card in nine countries.
The card will enable payments in local currencies via real-time conversion.
India and China are excluded from this new stablecoin product launch.

Fintech Giant Launches Stablecoin Card in 9 Nations

Indian fintech firm Pine Labs is preparing to launch a stablecoin-backed prepaid card in nine countries across the Middle East, Africa, and Southeast Asia by the end of April. This initiative represents a pioneering effort by an Indian payments company to enter the rapidly expanding stablecoin market.

CEO Amrish Rau stated that the card will target countries with a "stablecoin-friendly stance," excluding India and China from the initial launch. Consumers will be able to fund the card using stablecoins from their digital wallets, enabling seamless payments in local currencies through real-time conversion at the point of sale.